SHA:688021 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	59.68	49.73	105.42	220.61	296.62
Short-Term Investments	-	-	55.77	32.62	55.77
Trading Asset Securities	-	-	-	-	7.09
Cash & Short-Term Investments	59.68	49.73	161.19	253.23	359.48
Cash Growth	20.01%	-69.15%	-36.35%	-29.55%	-15.98%
Accounts Receivable	171.31	139.16	197.26	108.64	231.86
Other Receivables	0.43	0.36	0.61	0.92	0.93
Receivables	171.74	139.52	197.87	109.56	232.79
Inventory	231.57	237.98	311.8	303.64	228.55
Prepaid Expenses	-	0.28	1.59	-	1.1
Other Current Assets	31.59	28.54	26.67	30.86	26
Total Current Assets	494.58	456.03	699.13	697.29	847.92
Property, Plant & Equipment	569.54	629.42	667.69	634.88	470.19
Long-Term Investments	8.27	8	4.88	4.08	4.08
Other Intangible Assets	51.8	56.83	58.7	58.24	44.52
Long-Term Deferred Tax Assets	18.88	23.71	22.89	18.37	10.93
Long-Term Deferred Charges	3.83	0.53	0.82	0.58	0.21
Other Long-Term Assets	10.44	15.67	25.75	27.32	53.2
Total Assets	1,157	1,190	1,480	1,441	1,431
Accounts Payable	43.72	23.15	93.91	63.88	158.75
Accrued Expenses	5.67	9.41	6.18	5.65	14.99
Short-Term Debt	65.68	84.13	221.97	209.01	188.23
Current Portion of Long-Term Debt	34.12	38.28	30.07	16.97	0.01
Current Portion of Leases	-	1.84	2.29	2.22	2.62
Current Income Taxes Payable	6.39	-	0.01	0.14	0.68
Current Unearned Revenue	2.62	5.44	2.71	7.52	15.17
Other Current Liabilities	16.74	29.87	43.02	39.22	53.15
Total Current Liabilities	174.93	192.12	400.17	344.62	433.61
Long-Term Debt	71.11	94.58	112.33	117.6	9.96
Long-Term Leases	0.99	2.89	-	4.33	1.21
Long-Term Unearned Revenue	32.93	37.17	41.07	41.13	32.25
Long-Term Deferred Tax Liabilities	0.02	0.07	0.08	0.07	0.01
Other Long-Term Liabilities	-	-	-	0.11	0.15
Total Liabilities	279.98	326.84	553.64	507.86	477.2
Common Stock	76.41	76.41	77.28	77.28	77.28
Additional Paid-In Capital	614.22	614.22	628.01	624.34	612.61
Retained Earnings	181.82	167.11	211.08	219	246.93
Total Common Equity	872.45	857.74	916.37	920.62	936.83
Minority Interest	4.92	5.62	9.84	12.27	17.03
Shareholders' Equity	877.37	863.36	926.21	932.9	953.85
Total Liabilities & Equity	1,157	1,190	1,480	1,441	1,431
Total Debt	171.9	221.71	366.66	350.13	202.04
Net Cash (Debt)	-112.22	-171.98	-205.46	-96.9	157.44
Net Cash Growth	-	-	-	-	-46.91%
Net Cash Per Share	-1.45	-2.31	-2.59	-1.24	2.03
Filing Date Shares Outstanding	76.41	76.41	77.28	77.28	77.28
Total Common Shares Outstanding	76.41	76.41	77.28	77.28	77.28
Working Capital	319.64	263.92	298.97	352.67	414.31
Book Value Per Share	11.42	11.22	11.86	11.91	12.12
Tangible Book Value	820.65	800.91	857.67	862.38	892.3
Tangible Book Value Per Share	10.74	10.48	11.10	11.16	11.55
Buildings	-	292.81	275.9	227.3	166.96
Machinery	-	485.14	517.21	391.27	268.24
Construction In Progress	-	80.3	70.18	157.81	138.9

Source: S&P Global Market Intelligence. Standard template. Financial Sources.